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Express News | Ishares MSCI China ETF Down 2.3%, Ishares China Large Cap ETF Down 2.8%, Kraneshares CSI China Internet ETF Down 3.2%
Express News | JD.com Down 5.4%, Li Auto Down 4.9%, NIO Down 4.2%, Xpeng Down 6.3%
Express News | Alibaba Down 3.3%, PDD Holdings Down 3.2%, NetEase Down 0.7%, Baidu Down 2.9%
Citi: Maintains a "shareholding" rating on Netease-S, with a target price of 170 Hong Kong dollars.
Morgan Stanley ranks netease as the top choice in the digital entertainment industry.
[Brokerage Focus] UBS Group's feedback on the china internet plus-related industry market: Investor sentiment and industry trends.
UBS Group recently conducted a survey of 59 investors in asia, the results show that investors maintain a strong interest in china's internet plus-related industry, but adopt a cautious attitude towards online media and gaming industries. Investors prefer sub-industries that are more sensitive to the macroeconomy, such as e-commerce and local services.
[Brokerage Focus] Morgan Stanley has switched its top pick in digital entertainment to NetEase (09999), indicating that its risk-return profile has become attractive.
JPMorgan released a research report in which it proposed switching its top choice for digital entertainment from Bilibili (09626) to Netease (09999) to reflect the bank's more optimistic outlook on Netease's stock performance in the next 6 to 12 months. The bank believes that Netease's game revenue will turn positive starting from the first quarter of next year, with a PE ratio of 11 times. The bank pointed out that Netease's third-quarter performance was not surprising, and important financial data fell below expectations, which may have a negative impact on the stock price. However, the bank believes that from a 6 to 12-month perspective, the risk-return has become attractive. The bank believes that investors in Netease games in the near term are changing.
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